Premium Drilling Extends Mineralization 315 Metres Below Resource Area Demonstrating Scaled Expansion at the Selebi Project

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[{"type":"text","content":"Premium Drilling Extends Mineralization 315 Metres Below Resource Area Demonstrating Scaled Expansion at the Selebi ProjectToronto, Ontario--(Newsfile Corp. - May 27, 2025) - Premium Resources Ltd. (TSXV: PREM) (OTC Pink: PRMLF) (\"PREM\" or the \"Company\") announces another successful intercept of mineralization at Selebi North Underground (\"SNUG\") targeting down-plunge expansion beyond the resource model. Key Highlights: SNUG-25-186 intersected South Limb mineralization over 16.20 metres at a distance of 132 metres down-plunge of previously announced drill hole SNUG-25-184 (Figure 1). Borehole electromagnetic (\"BHEM\") results indicate that a thicker interval of mineralization lies immediately to the northwest of drill hole SNUG-25-186.Drill holes SNUG-25-186 and SNUG-25-184 have together extended the South Limb mineralization 315 metres down-plunge from the lower extent of the 2024 resource model.The next drill hole is underway to define strike extent of the down-plunge extension.Figure 1: Location of drill holes and BHEM target zones relative to the Mineral Resource EstimateTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/7759/253471_a7c9f1eae4e74b31_002full.jpgMorgan Lekstrom, CEO of Premium Resources, commented: \"The significant step-outs and ongoing expansion that we are achieving, in the time frame, clearly illustrates that this deposit expands well beyond the boundaries of the current resource area. Given the strong grades in our existing resource well over 3% CuEq, each successful step-out highlights the potential that was previously undefined. Our use of BHEM and our deep understanding of the technology has enabled us to target and drill these step-downs with a high degree of precision. While the current resource has a down-plunge extent of 965 metres, our drilling has intercepted more massive sulphides (host to the copper, nickel and cobalt) and extended the deposit by approximately 315 metres. We have several exciting initiatives running in parallel which we look forward to sharing with the market very soon.\"Next StepsFollow-up drilling is already underway, with drill hole SNUG-25-189 targeting the area between SNUG-24-096-W1 and SNUG-25-184 to further evaluate the continuity and scale of both the South Limb and N2 mineralized systems. Assays for 2025 drill holes ...

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